Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1774.92p    
INCLUDING current year revenue                              1811.51p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1729.24p    
INCLUDING current year revenue                              1765.84p    
The NAV includes a provision for any performance fee applicable.        
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